๐From the latest news from WEFLO to trends in the drone From the latest news from WEFLO to trends in the drone and AAM industries.
Our newsletter 'Waffle', is packed with insightful content. |
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Summer is over and fall is in the air. ๐
Here at WEFLO, we're busy working hard to reach even bigger goals
around the world as we head into the second half of the year.
This new edition of Waffle is full of great stuff, so dig in! |
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This issueโs
waffle toppings ๐
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- Investment ๐
- Insight ๐ก
- Good News ๐
- Events โจ
- WEFLO Interview ๐๏ธ |
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Investment ๐
Secured Pre-Series A Bridge Funding
WEFLO has successfully secured $2M in a Pre-Series A Bridge round, bringing our total funding to $4.7M! We're grateful to have Stonebridge Ventures, a renowned investor in the drone and AAM space, join our existing investors, Lotte Ventures and Industrial Bank of Korea, in this round.With this new influx of capital, we're poised to accelerate our growth and solidify our position as a leader in the AI-powered drone and air taxi inspection and predictive maintenance market.
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Insight ๐ก
Say goodbye to holiday traffic stress!
Advanced Air Mobility(AAM) is emerging as a promising solution to alleviate ground transportation congestion and improve regional connectivity.
Discover the key players shaping this exciting new industry:
๐Supernal Developing the next-gen 'S-A2' eVTOL with the goal of commercial launch by 2028.
๐คณ Moviation Inc. Launching 'BonAir', a service that allows users to hail an air taxi in preparation for the AAM era.
๐WEFLO Inc. Building smart platform for safe inspection and predictive maintenance of AAM aircrafts. |
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Selected for the Scale-up TIPS program
Weโve been selected for the Scale-up TIPS program, hosted by the Ministry of SMEs and Startups, Republic of Korea!
With this selection, weโll receive $1M in R&D funding over next three years to significantly advance our Automated Drone Inspection solution.
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Selected for Tech Launch Program
We have been selected for the Tech Launch, a global acceleration program hosted by KIC DC.
Among 40+ applicants, WEFLO was recognized for its innovative technology and global market potential.
With the program's support in global consulting and marketing, we will actively pursue our U.S. market entry.
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Selected for Top 100 Defense Innovation Company
We selected as one of the top 100 defense innovation companies in Korea.
This program aim to identify and foster SMEs that will lead the future of Koreaโs defense industry.
We will provide with up to $3.8 over next five years., along with consulting and R&D support.
Possessing innovative technologies applicable to future defense environments, Wiflo is committed to achieving rapid business results. |
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Participated in EAA Oshkosh
In July, we participated in EAA AirVenture show held in Oshkosh, Wisconsin, USA. We engaged in discussions with global companies such as Joby Aviation, Wing, and Skyways to explore potential collaborations and partnerships.
This movement served as a stepping stone for our global market expansion. |
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Participated in WSCE 2024 Panel Discussion
Our COO Jeongwan Ko joined a panel discussion at the 2024 World Smart City Expo held at KINTEX on September 5th.
In the session titled "Smart Cities Led by Citizens", Ko shared his insights on "Korea's Smart City Development Strategy and Challenges."
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Participated in Dronebot Challenge
WEFLO showcased its portable drone pad โverti-Pitโ mini at the Dronebot Challenge in Pocheon city over two days.
The product generated significant interest among attendees, including officials from the Ministry of National Defense and Pocheon City.
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Participated in NASAO 2024
Professor Seungmo Kim was invited to attend the NASAO - National Association of State Aviation Officials(NASAO) conference in Pittsburgh, PA from September 7th-11th.
In the event, we had the opportunity to connect with aviation industry leaders and stakeholders from across the United States to introduce our innovative solutions and discuss the latest advancements in Advanced Air Mobility (AAM).
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Featured in "AI Revolution" Interview
WEFLO CEO, Yeejung Kim, has been featured in Asia Economy's special series, "AI Revolution," which highlights companies driving change in our society and economy through AI technology.
Asia Economy highlighted WEFLO, stating, "As both companies and governments are entering the AAM industry, the demand for diagnosis and inspection of AAM aircraft is also increasing. This is why WEFLO, which provides automated inspection and diagnostic solutions for future mobility platforms, is gaining attention."
CEO Kim emphasized the importance of "decision-making" in the inspection and maintenance process of AAMs, introducing WEFLO as a solution that "We can provide optimal decision-making through AI technology." |
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